Former Theresa May aide attacks ‘Ponzi scheme’ university fees ahead of A-level results
BRITAIN’S university tuition fees are a “pointless Ponzi scheme” that saddles young people with huge debts, says Theresa May’s former chief of staff.
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Nick Timothy called the university system – which leaves graduates in England with an average debt of £50,000 – a “gravy train.”
The Prime Minister’s former aide claimed some degrees fail to give students any return on their “investment” leading them into non-graduate roles after their studies end while allowing vice-chancellors to earn up to £451,000.
Mr Timothy warned against assumptions that more people going to university would benefit Britain’s economy. He claimed their had been no boost to productivity from growing graduate numbers and many earn no more than if they had not gone to university.
The problem is that we send far too many students to university. Grants to fully subsidise the top 5% should be available like they used to be - but only for socially useful courses or ones which are worthy of serious academic study.
If young people had to pay twice the amount for the Mickey Mouse Degrees (you know the ones I mean!) - perhaps there would be fewer of them. A mega social benefit! Moreover, that is where you raise the money to fund grants for worthy courses and worthy students.
Elitist? - I couldn't give a monkey's! - What does that even mean?
The social damage is inestimable from having graduates chasing down jobs which, in reality, only require GCSEs.
